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The Economy of the city is largely dependent on tertiary activities, particularly on commercial wholesale and retail services. These economic activities generate substantial income for the city in the form of business taxes generated from permits and license fees. To boost the economic development of the city, the local government is pursuing the development of the city public market and other major private endeavors like the Baguio Center Mall (BCM)to provide socio-economic opportunities that would reinforce and sustain the continuing economic growth of the city. Tourism also played a big role in the economy of the city. Tourist traffic has been on the upward trend since after the earthquake. This trend is a potential market for goods and services that can boost the city's economy. Also, the presence of the DOT Regional Office in the city provides better opportunity for coordination and support national tourism programs. Number of Establishments (New Business Permits)
Data Source: CTO
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